Capital or revenue expenditure
This query is : Resolved
18 April 2019
A company is renovating its premises and for that new map is passed. Bhavan Anugya Fees paid towards the same is around Rs 3 Lakhs. Would it be considered capital expenditure or revenue expenditure. Please advice urgently.
Shashikant Varshney
(Expert)
19 April 2019
THE ANSWER IS YES. BECAUSE THE RENOVATION OF THE BUILDING WILL IMPROVE THE QUALITY AND DURABILITY OF THE BUILDING.
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